Consumers Distributing: Difference between revisions

Revision as of 06:40, 26 October 2024

Revision as of 06:42, 26 October 2024

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==History==

The first Consumers Distributing store was opened in 1957 by Jack Stupp and Sydney Druckman in [[Toronto]]. The company was taken public in 1969. In 1978, [[Oshawa Group]] sold the 50% interest it had acquired.<ref>{{cite web|url=http://www.fundinguniverse.com/company-histories/the-oshawa-group-limited-company-history.html|title=History of THE OSHAWA GROUP LIMITED – FundingUniverse|author=|date=|website=www.fundinguniverse.com}}</ref> In 1988, revenues topped $1- billion.<ref name="woes">{{cite news |title=Woes hit reborn Consumers Distributing |url=https://www.thestar.com/business/2013/01/11/woes_hit_reborn_consumers_distributing.html |first=Francine |last=Kopun |newspaper=[[Toronto Star]] |date=January 11, 2013 |accessdate=December 11, 2017}}</ref>

Consumers Distributing purchased the 42-store Cardinal Distributors catalogue chain from [[Steinberg's (supermarket)|Steinberg Inc.]] and the 70-store American chain Consumers from [[The May Department Stores Company|May Department Stores]], bringing its total store count to approximately 400 in 1981.<ref name="citizen">[https://news.google.com/newspapers?nid=2194&dat=19811118&id=2a4yAAAAIBAJ&sjid=5-4FAAAAIBAJ&pg=1164,5107737 ''Ottawa Citizen'', 18 November 1981] "600 to lose jobs as Bay closes Shop-Rite stores"</ref>